4236 SE Sweetwood Way · Port Salerno, FL 34997

$106,000

2 bd · 2.0 ba · 1,458 sqft · Manufactured · 50 Days on market

Built 1999 Good condition $73/sqft · at area comps Est $106k · at est. $990/mo HOA · 46% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.7/15.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• DSCR +3.9/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Large, 1458 Square Feet under A/C, 2 Bedroom + DEN Manuf Home in Pinelake Estates, 55 Plus community in South Stuart. This home features SPLIT BEDROOM PLAN for privacy, Wide Open Great Room w Large Dining Area, Light & bright Kitchen w large Pantry, Morning Rm & Laundry. . Off the Kitchen is the spacious Screen Room overlooking the Preserve. The Roomy Primary Bedroom has a walk-in closet & ensuite Bath w Dual sinks/vanities, step in shower & chair height toilet. The 2nd bedrm is across the LR w the 2nd full bath on the hall. The Den has a French door/ laminate flooring & is perfect for a home office or extra sleeping space. Pinelake Gardens & Estates offe

Key facts

• Light bright kitchen
• Split bedroom plan
• Large pantry

Tags

• SPLIT BEDROOM PLAN
• WIDE OPEN GREAT ROOM
• LARGE DINING AREA
• LIGHT BRIGHT KITCHEN
• LARGE PANTRY
• MORNING ROOM

Property features AI

Finance

• Other: Pets allowed (number limit)
• Financial info: Land lease / association fee listed
• HOA & community: Homeowners association (fee includes association management, common areas, grounds maintenance, recreation facilities, trash); Association fee: $990.67; Senior community; Community amenities: clubhouse, fitness center, pool, tennis courts, pickleball, bocce court, shuffleboard, billiard room, library, laundry facilities, kitchen facilities, property manager on-site

Exterior

• Parking: Attached carport; 2 total parking spaces (2 covered)
• Utilities: Cable available; Public water; Public sewer; Sewer connected; Water connected
• Home design: Manufactured home; Single-story; Faces west; Unknown year built; Metal roof; Make: MERT
• Construction: Manufactured construction; Metal roof
• Exterior features: Porch; Screened porch; Community pool; Has view; Zoned residential

Interior

• Kitchen: Refrigerator; Electric range; Dishwasher; Pantry
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; High ceilings; French/atrium door(s); Living and dining room; Pantry; Split bedroom floorplan; Walk-in closet(s); Unfurnished
• Laundry & utility: Washer; Dryer; Utility room (main level)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $106k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-4 ($-46/yr) — negative.
• To cash-flow at today's rent, offer at most $105k (0.5% below list).
• Meets the 1% rule at list price ($2k rent vs $106k).
• Recommended offer: $103k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 3.1% in Port Salerno — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#440 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, health & safety A; Watch: schools D, amenities F, commute F.
• Martin (suburban): math 52% / reading 53% proficiency, ranked #24 of 73 in FL (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.7%/yr); 588 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 737 units permitted in Martin County in 2024 (167 in 5+ unit buildings).
• This rent runs 33% of the median local income ($78k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $733 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Martin County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 46% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,820 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.05% ✓
• Cap rate: 6.25%
• Cash-on-cash: -0.16%
• DSCR: 0.99
• GRM: 4.1

CMA / ARV

• ARV (median comp): $106,500
• List price: $106,000
• Delta: -0.47%
• Verdict: FAIR
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4440 SE Sweetwood Way	0.16mi	2/2.0	1,440 (-1%)	1mo	$117,500	$82	89
4492 SE Cottonwood Ter	0.20mi	2/2.0	1,456 (-0%)	7mo	$135,000	$93	84
7044 SE Birchwood Ln	0.17mi	3/2.0 (+1)	1,470 (+1%)	8mo	$139,000	$95	79
7252 SE Sweetwood Ter	0.27mi	2/2.0	1,372 (-6%)	3mo	$103,000	$75	75
4280 SE Sweetwood Way	0.10mi	3/2.0 (+1)	1,560 (+7%)	5mo	$110,000	$71	74
4466 Heartwood Trl	0.33mi	2/2.0	1,500 (+3%)	8mo	$95,000	$63	73
4379 SE Sweetwood Way	0.21mi	3/2.0 (+1)	1,440 (-1%)	15mo	$150,000	$104	70
4596 SE Basswood Ter	0.21mi	2/2.0	1,561 (+7%)	10mo	$147,000	$94	70
4474 SE Heartwood Trl	0.32mi	2/2.0	1,344 (-8%)	6mo	$79,000	$59	67
4478 Heartwood Trl	0.32mi	3/2.0 (+1)	1,612 (+11%)	4mo	$78,000	$48	59
7117 SE Birchwood Ln	0.32mi	3/2.0 (+1)	1,568 (+8%)	13mo	$116,000	$74	57
4616 SE Circle Way	0.66mi	3/2.0 (+1)	1,286 (-12%)	11mo	$247,500	$192	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.71% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-17,414
• Equity at exit: $15,805

10-year hold

• IRR: -8.3%
• Equity multiple: 0.48×
• Total profit: $-15,459
• Equity at exit: $9,165

Cash invested: $29,680 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34997

• Rents YoY: 2.7%
• Active inventory: 588
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $2,176 high
• Mortgage (P&I): −$556
• Tax est. 1.5%: −$132 /mo · $1,590/yr
• Insurance: −$44
• HOA: −$990
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-4

Break-even live

Break-even rent $2,180

Max offer price $105,441

Occupancy floor 95%

Sensitivity live

Price	-10% $69	-5% $33	+0% $-4	+5% $-40	+10% $-77
Rent	-10% $-176	-5% $-90	+0% $-4	+5% $82	+10% $168
Rate	-1.0pp $50	-0.5pp $23	base $-4	+0.5pp $-31	+1.0pp $-59

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $26,500
• Closing costs: $3,180
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7073 SE Birchwood Ln Stuart, FL	2.0	2.0	1150	$1,750	$1.52	14d	1	0.13mi
6553 SE Federal Hwy Unit 10-102 Stuart, FL	2.0	2.0	969	$1,750	$1.81	24d	1	0.48mi
6551 SE Federal Hwy Stuart, FL	2.0	2.0	969	$1,825	$1.88	21d	2	0.50mi
6537 SE Federal Hwy #102 Stuart, FL	2.0	2.0	969	$1,845	$1.90	14d	1	0.50mi
6551 SE Federal Hwy #104 Stuart, FL	2.0	2.0	969	$2,000	$2.06	14d	1	0.50mi
3882 SE Canvas Back Pl Stuart, FL	3.0	2.0	1575	$2,200	$1.40	24d	1	0.52mi
6535 SE Federal Hwy Stuart, FL	2.0	2.0	967	$1,750	$1.81	24d	1	0.53mi
4987 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,650	$1.85	24d	1	0.53mi
6531 SE Federal Hwy Stuart, FL	2.0	2.0	1100	$1,725	$1.57	14d	2	0.57mi
5176 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1554	$2,400	$1.54	24d	1	0.57mi
5064 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1530	$2,400	$1.57	24d	1	0.57mi
5156 SE Mariner Garden Cir Stuart, FL	3.0	2.5	1434	$2,400	$1.67	24d	1	0.58mi
4421 SE Village Rd Stuart, FL	2.0	2.0	1080	$2,100	$1.94	24d	1	0.74mi
5152 SE Club Way #104 Stuart, FL	2.0	2.0	1358	$7,500	$5.52	14d	1	0.76mi
4939 SE Salvatori Rd Stuart, FL	3.0	2.0	1334	$2,500	$1.87	24d	1	0.85mi
7960 SE Peppercorn Ct Hobe Sound, FL	2.0	2.0	1541	$2,950	$1.91	24d	1	1.02mi
5881 SE Windsong Ln Stuart, FL	2.0	2.5	1288	$2,100	$1.63	14d	1	1.03mi
8357 SE Double Tree Dr Hobe Sound, FL	2.0	2.0	1510	$2,950	$1.95	14d	1	1.14mi
5795 SE Mitzi Ln Stuart, FL	3.0	2.0	1315	$3,000	$2.28	24d	1	1.23mi
5636 SE Foxcross Pl Stuart, FL	2.0	2.0	1598	$9,000	$5.63	14d	1	1.32mi
5359 SE Dell St Stuart, FL	3.0	2.0	1272	$2,800	$2.20	24d	1	1.33mi
8392 SE Paurotis Ln Hobe Sound, FL	2.0	2.0	1526	$2,750	$1.80	24d	1	1.36mi
5688 SE Pine Ave Stuart, FL	3.0	2.0	1255	$2,510	$2.00	14d	1	1.40mi
6024 SE Crooked Oak Ave Hobe Sound, FL	3.0	2.0	1800	$3,200	$1.78	24d	1	1.42mi
6215 SE Georgetown Pl Hobe Sound, FL	2.0	2.0	1202	$2,600	$2.16	24d	1	1.44mi
5601 SE Laguna Ave Stuart, FL	2.0	1.0	1080	$2,200	$2.04	14d	1	1.50mi

HOA detail

• Monthly dues: $990 · $11,880/yr

Listing history 18 events

1. 2026-06-18
   days on market $106,000 Active 50 DOM
2. 2026-06-17
   days on market $106,000 Active 49 DOM
3. 2026-06-16
   days on market $106,000 Active 48 DOM
4. 2026-06-15
   days on market $106,000 Active 47 DOM
5. 2026-06-14
   days on market $106,000 Active 45 DOM
6. 2026-06-13
   days on market $106,000 Active 44 DOM
7. 2026-06-10
   days on market $106,000 Active 42 DOM
8. 2026-06-09
   days on market $106,000 Active 41 DOM
9. 2026-06-08
   days on market $106,000 Active 40 DOM
10. 2026-06-07
    days on market $106,000 Active 39 DOM
11. 2026-06-03
    days on market $106,000 Active 35 DOM
12. 2026-06-02
    days on market $106,000 Active 34 DOM
13. 2026-06-01
    days on market $106,000 Active 33 DOM
14. 2026-05-31
    days on market $106,000 Active 32 DOM
15. 2026-05-31
    days on market $106,000 Active 31 DOM
16. 2026-04-29
    listed $106,000 Active 1061-char remark
17. 2026-04-20
    historical
18. 2026-04-01
    listed $106,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,106
• − Mortgage interest: −$5,938
• − Property taxes: −$1,590
• − Insurance: −$530
• − Repairs & maintenance: −$2,089
• − Management: −$2,089
• − HOA: −$11,880
• − Depreciation: −$3,084
• Taxable loss: −$1,092
• Est. tax savings @ 24.0%: +$262
• After-tax cash flow: $216/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This home is in good condition with cosmetic updates needed to modernize the kitchen and bathrooms, enhancing its resale and rental value.

Repairs flagged

• Minor kitchen cabinets — Aesthetic update needed
• Minor bathroom fixtures — Update to modernize space
• Minor kitchen countertops — Update to modernize space

Value-add opportunities

• Resale Update kitchen cabinets and countertops — Modernizes the kitchen and adds value
• Resale Update bathroom fixtures — Modernizes the bathrooms and adds value
• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Clean and polish hardwood floors — Maintains and enhances the value of the flooring

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Aesthetic update needed	Minor	$500–3,000
bathroom fixtures · Update to modernize space	Minor	$500–3,000
kitchen countertops · Update to modernize space	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale Update kitchen cabinets and countertops — Modernizes the kitchen and adds value ↑
• Resale Update bathroom fixtures — Modernizes the bathrooms and adds value ↑
• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Clean and polish hardwood floors — Maintains and enhances the value of the flooring ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Martin
• NCES district ID: 1201290
• Math proficiency: 52% ▼ -14.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $52,482
• Composite: 45.1/100
• National rank: #2690
• State rank: #24 of 73 in FL

Livability — Port Salerno

• Score: 70/100
• State rank: #440
• US rank: #7873

Category grades

Amenities F Commute F Cost of living B Crime A Employment C Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Martin County · 165,223 people
• Metro: Port St. Lucie, FL
• Population (ZIP): 47,075
• Household income: $78,136
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 1323.0

Population outlook (Martin County) Hauer SSP2

• Today (2025): 172,383 people
• By 2030: 180,192 · +4.5%
• By 2040: 194,114 · +12.6%
• By 2050: 204,992 · +18.9%
• By 2075: 229,641 · +33.2%
• By 2100: 232,146 · +34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 14% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Martin

• 2024 margin: Solid R (+31.1) · D 34.1% · R 65.2%
• 2008→2024 swing: -17.5pp toward R · 2008: -13.6pp · 2024: -31.1pp
• All cycles: 2024: R+31.1 2020: R+24.6 2016: R+26.9 2012: R+22.9 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -319.78%
• Current HPI: 336.7717
• Rent YoY: ▲ 2.71%
• Metro: Port St. Lucie, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+0.0% since first listed

3 events — show timeline

• 2026-04-29 Listed $106,000 MCRTC
• 2026-04-20 Listing Removed — Beaches MLS
• 2026-04-01 Listed $106,000 Beaches MLS